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election and iphone 5. and while the most searched person of the year was kim kardashian, this is according to yahoo! search engine, kate middleton and political polls also made the top ten list. so here is a simple question for you today. what dunk were the most interesting stories this year or the most interesting story, the election, the owe almost picks, the ongoing saga in greece. let us thouknow. worldwide at cnkrchlt nbcnbc.co. >>> starbucks is changing the way it pays taxes in the uk this after harsh criticism of tax avoidance from the british government. more when we come back. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> words of caution from the bank of japan chief at forum in tokyo. the governor said central bankers need to take a long term policy perspective if they want sustainable gr
election and iphone 5. and while the most searched person of the year was kim kardashian, this is according to yahoo! search engine, kate middleton and political polls also made the top ten list. so here is a simple question for you today. what dunk were the most interesting stories this year or the most interesting story, the election, the owe almost picks, the ongoing saga in greece. let us thouknow. worldwide at cnkrchlt nbcnbc.co. >>> starbucks is changing the way it pays taxes in...
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Dec 4, 2012
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he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising any more taxes doesn't make any sense. this is politics trumping economic sense. second problem is fixing the debt and there's this debate about how much revenue, how much spending. balance means heavy on spending lighter on taxes and bowles-simpson told us the route to do that is tax reform. >> much more fun by the way to have 4% or 5% growth than to equitable about 1% or 2% growth. thank you gentlemen. we appreciate it. now to another controversy. are minorities especially latinos a lost cause for republicans and conservative principles? i say no, but our next guest star par
he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising...
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Dec 7, 2012
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they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation overall is concerned, we did see the spread go higher and there are concerns. the minute you touch this jittery topic of the politics here in italy, the market gets very, very concerned. so what has come out officially by the president of italy is that he's officially not calling a consultation for monti at this point. his statement last night was that he wants parliament to act responsibly and sensibly. so right now he's just making this warning. so so at this point, there is not a crisis in the government, but the pdl dismantling the party and creating tension. >> claudia, who at the moment is -- which of parties would get the most seats in terms of polls and stuf
they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation overall is concerned, we did see the spread go higher and there are...
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in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we think it will go up somewhat, but really not any more than people have already priced in. >> and then ten year yields, 5.24%. at the moment, relatively speaking, pretty comfortable. >> maybe a little bit too comfortable and we certainly don't want to get complace complacent.yields are where they were say in march of this year and then subsequently they shot up to 7.5%. we know with the draghi put that that won't happen, but we don't want to think that there is only one way -- >> yesterday said, look, sort of the idea of the risk on phrase,
in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we...
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media reports suggesting opposition party could win a solid majority the next election. so what is the -- on the yen side of that trade, what are you forecasting? >> the market is aware of that and the opposition party if they do win, they could pressure the boj to try to do more in qe and that would tend to weaken the yen. so the yen is a carry trade back into play over the last one month and shorts have increased significantly over the last one month. so i think that as well as the better macro story in asia has led to quite a few carry trades against the yen and the yuan being one where it has outperformed the yen significantly over the past two, three months. >> south korea sort of dumping a lot of the currency in november, trying to slow the rally. are they going to be anymore successful than they have been? >> it's a mixture of that as well as attempts to reduce speculative lays on the forward so they have for example reduce d the cap on swaps outstanding. but i think players are a mixture of real players and if you do believe that the global economy is on a better
media reports suggesting opposition party could win a solid majority the next election. so what is the -- on the yen side of that trade, what are you forecasting? >> the market is aware of that and the opposition party if they do win, they could pressure the boj to try to do more in qe and that would tend to weaken the yen. so the yen is a carry trade back into play over the last one month and shorts have increased significantly over the last one month. so i think that as well as the...
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Dec 3, 2012
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i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wall of worry we miss out on gains. is there something different this time around? are the worries justified or are we going to miss out? >> well, generally our view is that we're going to get to the end of the fiscal cliff with a resolution but that it is going to be turbulent up until that point. and so we're probably going to climb a wall of worry there. i think the issue on europe though is one that we basically -- i agree with brian, we've put europe to the back burner and probably some time at the second half of next year it is going to crop back up as an issue. but you could see, for example, the sort of classic january bounce or we think actually fiscal cliff could be pushed into january by the time they actually finally get a resolution. kicking the can may be a c
i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wall of worry we miss out on gains. is there something different this time around? are the worries justified or are we going to miss out? >> well, generally our view...
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i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our deal gets carved out? >> well, when you start to hear some things from the senate leadership, then you'll know we're getting close to getting something done. and right now they're sending out minions and talking about things that i think are really, you know, staking out claims so they can say they've done that for their constituencies. but it's time right now for the moderates on both sides to step up. for those that are not necessarily at risk of losing elections in the near term to step up and say, listen, just like the leaders said earlier in the program. this is a math problem. it's really no
i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our...
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. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that the fiscal 2013 budget will not actually pass until mid may. that's more than a month into the new fiscal year. and if the government can't get the job done by the end of march, a provisional budget will be needed. opinion polls show the gap between the ldp and the ruling democratic party has been narrowing. that means if the ldp can't get their majority, these bills could be delayed even more. back to you, ross. >> all right, thanks for that. that's the late fres the nikkei. still to come, the business
. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before...
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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i think the bottom line is that the president, there's wind in his sails from the election and he feels like he ought to be able to squeeze a heck of a lot out of them. and he's playing hardball. and the cost is that as you folks have noted, we definitely absolutely 100% will go into a recession if they fail. and by playing chicken like this, what the president is doing is telling people right now in december to stop their economic activity because there's this scary thing that might happen if the coin flip comes up. so i think that eat big problem right now. >> i initially read the "new york times" piece about boehner gaining some backing of the house. it's basically saying the guys that wouldn't have gone along with them before in caving are now ready to careful with them. so it's like the same article. >> i think it's 50/50 that we don't get that. i'm not exactly sure that the president doesn't think that if we question over the cliff, that he can blame that on republicans. and then try to fix it next year. but from a position of money. >> secretary geithner said they're ready to go
i think the bottom line is that the president, there's wind in his sails from the election and he feels like he ought to be able to squeeze a heck of a lot out of them. and he's playing hardball. and the cost is that as you folks have noted, we definitely absolutely 100% will go into a recession if they fail. and by playing chicken like this, what the president is doing is telling people right now in december to stop their economic activity because there's this scary thing that might happen if...
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Dec 10, 2012
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but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to negotiate about spending cuts, right? >> well, i think that a deal is to be made that would benefit the people if it were done earlier. and the incentive is knowing that the scenario that the "the wall street journal" put forth could take place. we need a discussion right now, and we need to have a discussion where we could have sensible solutions with regard to the safe any net programs as well as the tax cuts. >> what's on the table for the democrats? >> i think what judy is saying is very true. we're going to get to this point anyway. it's just a question of when and how much damage will be don
but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to...
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it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked hard to try to help romney get elected, help republicans and it's a source of frustration. a different challenge for him running a major think tank in washington and let's see w he does. >> for the time being it doesn't change the balance of power as the republicans aren't in control of the senate. >> there's a republican governor in south carolina and so she'll name someone in the short-term. i assume that's how it will work. once there's another election, i assume a republican will fill that seat. >> and i know you'll have much more on the fiscal cliff and any developments that hopefully we'll
it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked...
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two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - t
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the...
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they've got lots of votes, but the elected representative, in this case, the elected president, is not as keen on the whole other bunch of stuff. the rule of law, separation of power, individual lib erties, s he's trying to do a power grab. this is the drama that's playing out between democracy on the one hand and on individual liberty. >> what seems confusing, what morsi did with his decree, declaring himself more powerful than the supreme court, he's also at the same time saying he's going to put this to the people to vote on a referendum and that should assuage those who don't like, just go to the ballot box. >> but think of what i just said, so yeah, you could get the people to agree to a constitution that does not protect the rights of minorities, that does not institute the rule of law in judicial review. there's always been distension. hitler was elected democratically, so the fact morsi can go to the people and more than popularity, because of organization, the islamic parties tend to win in these elections. >> it's not as though the people of egypt would like to see this kind
they've got lots of votes, but the elected representative, in this case, the elected president, is not as keen on the whole other bunch of stuff. the rule of law, separation of power, individual lib erties, s he's trying to do a power grab. this is the drama that's playing out between democracy on the one hand and on individual liberty. >> what seems confusing, what morsi did with his decree, declaring himself more powerful than the supreme court, he's also at the same time saying he's...
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he just won this election. it's not like the debt ceiling debacle in 2011 went over well with the american public. the american public was disgusted by it, it was brinks manship that people did not like to see, in a recession, they thought it endangered the economy, republicans also know that if you look at the polls and they look at the polls, that the public would blame them if we go over the fiscal cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would stipulate this, wolf. the president has the leverage here, i mean, republicans also know that if they were to go over the cliff that the tax cuts on the wealthy would increase. you could come back and undue the tax cuts on the middle class expiring. but the president's in a pretty good bargaining position here, which is why you see him sort of hold firm. >> what leverage do the republicans have? >> well, look, i think it -- they understand that for some liberals going over the cliff is okay, because liberals say, you know w
he just won this election. it's not like the debt ceiling debacle in 2011 went over well with the american public. the american public was disgusted by it, it was brinks manship that people did not like to see, in a recession, they thought it endangered the economy, republicans also know that if you look at the polls and they look at the polls, that the public would blame them if we go over the fiscal cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would...
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you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little wiggle room. >> yeah. >> as far as the president and the democrats are concerned when it comes to raising tax rates for the wealthy. >> sure. the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot tak
you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not...
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and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down with us on our panel. >> would love to. >>> drunk driver, instead of being sentenced to prison, is sentenced to time in church. not sure how i feel about that. >> love it. >> you do? ♪ presence of the lord is here >> we'll talk about that. back in a moment. too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. [ male announcer ] with a variety of tastes and textures, why they have a raise your rate cd. tonight our guest
and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down...
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. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? i have obligations. cute tobligations,
. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the...
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they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >> but what is so serious about the thinking of a party that just is implacably opposed to raising income tax even for the richest 2%? because the american people don't give a stuff. in all the polls, two-thirds of them are yes, let's tax the wealthiest 2% and by the way, that's me and you, newt. i don't know about you, i'm quite happy to pay a little bit more if it helps the general good. are you? >> well, piers, i'm happy for you to pay it, too. if you want to write a check this evening, the treasury will accept it. i'm delighted with your sense of cit
they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >>...
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last sunday, they held parliamentary elections. a majority of the winners campaigned on a platform of secession. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding statehood. to put it in perspective, the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister david cameron agreed to a deal allowing scotts to vote in 2014 as to whether they want to secede. then there's the strange case of belgium. the people speech dutch in the northern region. in the southern region they speech french. the people elected a set of local leaders who want to break away from belgium. why are break away parties gaining so much momentum? it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the rest is filtered to spain's poorer regions. scots also have an eye on england, even though they'r
last sunday, they held parliamentary elections. a majority of the winners campaigned on a platform of secession. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding statehood. to put it in perspective, the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister david cameron agreed to a...
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remember on election night when president obama was reelected they told a story of his re-election. they went around the world to people reacting to it. rachel maddow went into this president obama. carl rove lost his mind. this was a smnapshot. i think he lost his mind. this is a snapshot. this is what jeff will preserve. >> america cares. people care. they care ware their country is going and the friends and neighbors and kids around them. there's lots to do here. >> the consensus is that cnn need a voice and zucker will help provide it. when we come back, the susan rice side. are the u.n. ambassador and her critics getting fair coverage? . you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, andtill pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles
remember on election night when president obama was reelected they told a story of his re-election. they went around the world to people reacting to it. rachel maddow went into this president obama. carl rove lost his mind. this was a smnapshot. i think he lost his mind. this is a snapshot. this is what jeff will preserve. >> america cares. people care. they care ware their country is going and the friends and neighbors and kids around them. there's lots to do here. >> the consensus...
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. >> how much of this has been affected by the fact that for the first time in this last election you have people going to the polls and actually voting to allow same-sex marriage as opposed to it coming from judges or legislators? >> i don't think justices sort of said the polls did "x" so i will do "y." in 1986, louis powell, the swing justice of his day, they had the first real gay rights case, and he said to his law clerk, you know, as they were sort of weighing the case, you know, i've never met a gay person. i've never met a homosexual. what is that like? now, he didn't know that law clerk himself was homosexual, but that was what the world was like in 1986, that a worldly, intelligent man could have thought that he'd never met someone who was gay. now, even the conservatives on the court couldn't possibly express a sentiment like that. and that's just reflected in how the court acts. >> what do you think -- are is there any way to read the tea leaves on this? >> based on my experience in the health care case, i am going to not do a lot of predictions because, you know, wrong is
. >> how much of this has been affected by the fact that for the first time in this last election you have people going to the polls and actually voting to allow same-sex marriage as opposed to it coming from judges or legislators? >> i don't think justices sort of said the polls did "x" so i will do "y." in 1986, louis powell, the swing justice of his day, they had the first real gay rights case, and he said to his law clerk, you know, as they were sort of...
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the president was elected by all of the people in the country. we have 535 members of congress who were elected from all over the country. >> i think a lot of folks think he is now governing in -- or at least putting proposals out there like 100% of the vote -- >> let's remember how this started. congress created this so-called cliff. they decided there would be a date certain where everything would unravel. it wasn't the president that did it, and now he has laid something on the table. it's time for congress to act. to say that their feelings are hurt, you know, put on the big boy pants for girls and boys and let's get this job done. >> you know, there's been a lot of talk around this town about the movie "lincoln." in that movie lincoln in the service of a big idea expended enormous political personal capital and negotiated a deal. what we have here is a president in the service of a small idea, taxing the wealthy, who has put forward no personal political capital to actually get a deal done with these guys. you have senator warner on earlier
the president was elected by all of the people in the country. we have 535 members of congress who were elected from all over the country. >> i think a lot of folks think he is now governing in -- or at least putting proposals out there like 100% of the vote -- >> let's remember how this started. congress created this so-called cliff. they decided there would be a date certain where everything would unravel. it wasn't the president that did it, and now he has laid something on the...
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we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very influential though he's hiding from the press which is interesting. we know that marco rubio is running. will ryan support it. will he gets blamed if he does by the purist in the party. will marco rubio turn immigration around which is very risky with the base. >> it's interesting where the republicans have now suffered a loss. clearly mitt romney is not going to be be party leader. they don't actually have one and you watch the wilderness fight for a while. >> candy, i hate to say this because i know we all want to play along with 2016. i thin
we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very...
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election in america china announced a new set of leaders. seven men who will manage the running of the world's number two economy. we have paid too little attention to this changing of the guard. what will their foreign policy look like? i have to great guests to shed light on all of that. welcome. liz. you have a very tough blog posting on the excellent counsel on foreign relations website which you say china's 18th party congress was a heartbreaker. it was a triumph of the conservative party. the candidate will the strongest credentials were left high and high. they took their place among the top seven. you see this as a real kind of reinstitution of a hard line conservative group. >> i do. i think this was a disappointing outcome from the 18th party congress. if you look at this leadership group they bring a wealth of experience to the table. collectively these seven men have governed roughly half the provinces. a number of them do have experience at the national level with the economy or political arena but by in large they are distingui
election in america china announced a new set of leaders. seven men who will manage the running of the world's number two economy. we have paid too little attention to this changing of the guard. what will their foreign policy look like? i have to great guests to shed light on all of that. welcome. liz. you have a very tough blog posting on the excellent counsel on foreign relations website which you say china's 18th party congress was a heartbreaker. it was a triumph of the conservative party....
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...
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which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white house now presented a here. how long do we have to wait for the republicans to come forward with the there? >> well, i think what we're going to end up with probably is a smaller here that gets us to something that they're going to need to work on in the
which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step....
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did you see these momentous shifts in the last election coming? >> no. no. i didn't. obviously, as you indicated, in your opening remarks, it is still against federal law to smoke, to possess, to sell marijuana. it is still -- a schedule one controlled substance and so -- even though under state law it may be lawful and in washington state and in colorado, i believe, january 5, it will become lawful. nonetheless, the u.s. attorney in washington has been very clear in saying that it is a violation of federal law and our job as department of justice employees is to enforce federal law. >> do you agree with the federal law? do you agree the federal law should remain that -- pot use and -- smoking, trafficking, selling, administering taxes on, pot use, should all be illegal state to state? >> well, listen, that law represents value judgment of congress as to what is right important the american people. so -- you asked me whether or not i had personal views about it, i certainly do. as a general manner it does represent the will of the people through the actions by congres
did you see these momentous shifts in the last election coming? >> no. no. i didn't. obviously, as you indicated, in your opening remarks, it is still against federal law to smoke, to possess, to sell marijuana. it is still -- a schedule one controlled substance and so -- even though under state law it may be lawful and in washington state and in colorado, i believe, january 5, it will become lawful. nonetheless, the u.s. attorney in washington has been very clear in saying that it is a...
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if you look back at the 2004 election, there was lots of debate about whether or not bush's re-election could be pinned on the fact that in many of these states, there were referendum on the ballot about things such as same sex marriage, that the social issues were being dredged up as sort of positive for the republicans. fast forward to this election and as we discussed on the show before, you have gay marriage, you have marijuana, you have these issues on which republicans, you know, not necessarily where the voters were this time around in many of these states that literally in just the last ten years alone, public opinion has shifted a lot. though it's important to remember that i don't think of this as as much of a partisan issue as it is generational. remember, it was just a few months ago that president obama was evolving on his position and you had dick cheney who was kind of to the left of him on gay marriage. so i don't view this as much as a partisan issue. i view this as generational and something that both parties, particularly the republican party, though, will be addressi
if you look back at the 2004 election, there was lots of debate about whether or not bush's re-election could be pinned on the fact that in many of these states, there were referendum on the ballot about things such as same sex marriage, that the social issues were being dredged up as sort of positive for the republicans. fast forward to this election and as we discussed on the show before, you have gay marriage, you have marijuana, you have these issues on which republicans, you know, not...
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the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south da
the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign...
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we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the problem, it seems to me. again, as long as the posturing goes on with fairly ridiculous offers on both sides and lots of political rhetoric along t
we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have...
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it's the job the american people elected them to do and the american people expect results. they want compromise. in fact, two separate cnn/orc polls, in those polls, an overwhelming number of people, 72%, said both sides should do a better job working together in general. so the people, that's you, want compromise. yet this is how the men and women on capitol hill, the men and women you elected to work for you, have responded over the last 48 hours. >> i think we're going over the cliff. >> it's unfortunate that the white house has spent three weeks doing basically nothing. >> what we can't do is sit here trying to figure out what works for them. >> the president's idea of a negotiation is roll over and do what i ask. >> it's pretty clear to me they've made a political calculation. >> if their ideas are different from ours, we can't guess what they are. >> we look forward to the time when they are specific. >> they need to be more specific. >> some specificity from republicans. >> some of their specifics. >> that's a decision that lies in the hands of the republicans. >> i
it's the job the american people elected them to do and the american people expect results. they want compromise. in fact, two separate cnn/orc polls, in those polls, an overwhelming number of people, 72%, said both sides should do a better job working together in general. so the people, that's you, want compromise. yet this is how the men and women on capitol hill, the men and women you elected to work for you, have responded over the last 48 hours. >> i think we're going over the cliff....
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it's just the republicans did such a bad job not to get elected. he's just awesome. the republican party is going to have to change their whole way of handling politics in order to change because are changing. >> why are the republicans so out of touch? >> you have to have some republican representative and he has to tell you because i have no idea. >> that's very diplomatic of you, mike. >> it's true. >> you're becoming diplomatic in your old age. >> becoming very truthful because it's just unbelievable why people still have the same mentality. >> when you go back to your streets and meet old guys and so son, what do you think the real cares and fears of the average american on the street are right now? >> health care. there's people that haven't been to the doctor in 20 years, seen a doctor because they can't afford it. man, hunger, homelessness. we're talking about the land of plenty. it's just difficult. we're in dire straits as far as hope and i think president obama and vice president biden give people in desperation that hope. you've had times in your life whe
it's just the republicans did such a bad job not to get elected. he's just awesome. the republican party is going to have to change their whole way of handling politics in order to change because are changing. >> why are the republicans so out of touch? >> you have to have some republican representative and he has to tell you because i have no idea. >> that's very diplomatic of you, mike. >> it's true. >> you're becoming diplomatic in your old age. >>...
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...